I don’t have one, but I let the in-laws splash the young’un, so she does.

The key doesn’t seem to fit any locks though.

About the money, I forget where you are, but did you catch my country’s bailout details yesterday? They’d have been SO much more comforting if they hadn’t been preceded by Thursday’s headlines, trumpeting how many billions in debt we already are. Where you reckon these new billions are coming from–the top-secret, magic billion machine?

Gloria Smudd

A credit default swap sounds about as trustworthy as a deep-fried-Mars Bar-based weight-loss programme; I think I would be tempted to try neither! So, after this all too brief dip in the waters of Anorak, I must once more waddle off but I will remember to mutter a few H.M.s if you think it will help. I wish I could stay longer but again, hey-ho. TTFN – Smuddy

http://M chenier

Mars Bars! That was awesome; I’m going to steal it.

Bye, Smuddy; will be thinking of you and your family. Take care!

http://M chenier

Pam, you’ve got it in one; a writer in the New York Times has dubbed Paulson’s latest ploy as a Hail Mary Pass.

Which is why we have to pray that someone will indeed make it down the field and catch it, because otherwise we are all, as they say in the markets, f*cked…

June

I think they are delaying Black Week until after the November elections, otherwise could the politicos to continue to campaign/ court or whatever?

Pam

If you understand that the deep-fried Mars Bar is already an absolute, on-the-menu reality (right there with the deep-fried Twinkies and the deep-fried ice cream), you will know that we were already well and truly f*ked.

http://M chenier

June

They are hanging on by their fingertips; November is eons away as the financial markets measure time.

The US Treasury doesn’t have the money, and the people who do have the money may decide that enough is enough, and stop lending it to the US Treasury so that the US Treasury can bail itself out of the mess it has gotten into.

Otherwise known as Armageddon…

June

So next week then? It isn’t over that IS plain, just euphoria and a fey end to the week…and all that pouring good money after bad cannot cure it.

I just thought the political lot here and there were attempting to delay matters so that the ‘Rompers Home’ effectively would have their work cut out

http://M chenier

Yep; it was put together to get an equities market bounce, and they got it.

But no-one has any idea of what the US Treasury’s master plan is, mainly because the Treasury doesn’t know either; one of the few things which is clear is that they will have to get legislative approval in order to let the Treasury borrow the sort of money it needs for a bail out.

Bear in mind that almost the only people with the dosh to lend it are sovereign funds; if, for example, Kuwait says ‘thanks, but no thanks’ then the plan, whatever it is, never gets off the starting blocks.

I await, with some amusement, the IMF’s attempts at spinning the biggest piece of protectionism in financial history as a triumph of free markets; the French are already laughing their socks off about it, and there will be many more to come…

June

Likely too that the ‘moral high ground’ people will be out, especially here (UK) and the Govt are expected to attempt to follow the US and cannot bail, and being such allies with the US won’t get much change from sovereign funds either due to caution or the US have been there first.
But come the first cold snap of Autumn and hypothermia and food deprivation kills the first of the elderly or children – what shall happen then? Does Mr I Banker and his 5 children + deprived wife and nanny take precedence with caring NuLab?

As I see it the fat cats and the very very sleek cats won’t go short whatever occurs, or if they do it would be the loss of £30k to buy the latest designer ???? while the scrawnier moggie should need that £30k as his annual salary.

I don’t think the US or UK govts are aware that scrawny cat even exists.

I am a capitalist, and I believe those who endeavour should be rewarded – their origins in life notwithstanding. But it should be those who endeavour, not thieving gits whether educated at Eton or Wherever Comp

dairy

I bet he seriously hates his parents….
it’s not even as if it sounds any better when you don’t abbreviate his first name – more like a declaration….. try it – it sounds better out loud…!

http://M chenier

Thank you, Dairy.

If ever a case where patricide would be justified…

Hugh Jass

… I don’t get. People laughing about this reminds me of what happens whenever *I* introduce myself to someone for the first time… I just don’t get it.